Asian stocks go down on American tax uncertainty

Asian stocks go down on American tax uncertainty

On Monday, Asian equities rebounded in cautious trade because traders look to see whether American Republicans are capable of hammering out a tax reform deal rapidly, while the British pound went down on ascending doubts over Prime Minister Theresa May's leadership.

European equities are supposed to be mostly intact. Spread betters actually expect France's CAC as well as Germany's DAX to start nearly intact, while Britain's FTSE managed to grow 0.3% from Friday's six-week minimum.

As for Tokyo's benchmark Nikkei N225, it went down 0.9%, suppressing MSCI's Asia-Pacific Index 0.5%. Stocks in the region, excluding Japan, headed south 0.1%, with mainland Chinese equities, soaring as much as 0.6% to two-year maximums.

The S&P 500 index had concluded its eight-week winning marathon by Friday's Wall Street close because market participants took their profits after Senate Republicans had uncovered a fresh tax plan, which stood out greatly from the House of Representatives' version.

Similar

Popular

Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera